Study On Efficiency Of Housing Provident Fund Based On DEA Model

The housing provident fund is a forced saving policy in China,with the development of real estate market,the housing provident fund plays a more and more important role in housing purchase.So how to make the most use of the housing provident fund and provide more guarantees to the real estate product market,not only bears on the sound development of the market but also the employee's benefits.First this paper sums up the literature on housing provident fund,then analyses the development of China's housing provident fund,and compares with other countries' housing provident fund policy and the operating mechanism of commercial banks.The paper chooses the housing provident fund data of Zhejiang Province to research the capital efficiency by setting up the DEA model.Finally the paper comes up with the following conclusions:(1)The housing provident fund efficiency of Zhejiang province achieves DEA efficiency,and the policy mates the fund size.Half of the cities in Zhejiang Province achieve DEA efficiency,while others are not,so that operating internally in an enclosed manner does no good to efficiency achievement.(2)Whether the employees enjoy the maximizing benefits of housing provident fund loan plays a more important role in achieving DEA efficiency.(3)To improve the operation efficiency of housing provident fund,we should expand financing channels and increase revenue.The paper ends up with four suggestions based on the conclusions,as improving staff professionalism,profitability,equity and unified management.